Listing Detail

IAG

4034 Crenshaw Blvd., Los Angeles CA 90008

Krispy Kreme Areial.jpg

Trust Sale. No Court confirmation required. Rare and exceptional opportunity to acquire a prime commercial NNN property on a ground lease in a highly sought-after Leimert Park. First time for sale, since the existing property was constructed in 2001. Tenant is Krispy Kreme on a 21,877 sq. ft. (=0.5 acres) lot, zoned LAC2. Located on the South-East corner of the signalized intersection of Crenshaw Blvd. & Martin Luther King Jr. Blvd., with high traffic counts. Starting CAP rate of 5.00% effective Nov. 1, 2024, when the monthly NNN base rent will be $20,743.32. Annual CPI increases with minimum 2.00% effective Nov. 1, 2025. Tenant has 2 additional 5-year options to extend beyond Oct. 2029, with annual CPI increases. Easy access to major highways and public transportation. Seller is an independent Trustee, and cannot make any representations as to the condition, history of the subject property. Sold AS IS and WHERE IS. Buyer to conduct their own investigations.

Property Highlights
Street 4034 Crenshaw Blvd
City Los Angeles
State CA
Zip 90008
Status Available
Property Type Commercial
Asking Price 4,999,999
Year Built 2000
Building Sq Ft 3,731
CAP Rate 5.00
Broker Name Vinny Jain
Telephone (310) 207-2288
Email sales@ingeniousassetgroup.com
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